As someone who’s looking to make some changes or start a business, risk will always be a factor. Reality wise, risk is present in everything that we do, and I will assume you know this as well. 

There’s risk when you drive your car, when you go to work, when you sit in your living room, there’s risk in literally almost anything that you do. But there are different levels of risks.

That is what I want to talk toy you about, the different levels of risks and how not To take them as deterrents. Instead we should learn how to manage and prevent these risks. Of which I have included just a couple of methods you can use to accept risks.

1. Embrace risk

Understand that it’ll forever be there and there’s nothing that you can do to get rid of it. Even if you think you are 100% sure that you have prepared for all situations and thought of every scenario, there’ll always be that chance that something unplanned will happen. But that shouldn’t tell you that you shouldn’t do something. Rather, you should develop a mentality that if a risk becomes present you’ll push your way through and make it work. And this specific action signifies that you’ve accepted and understood everything about risk and no longer will it prevent you from moving forward. 

2. Preparation

You should take the time to take in all factors when risk is involved. This is known as risk management. Like I’ve said, risk is in everything that we do, and some risks are more expected than others so the best route to take is to prepare for those risks.

For example, let’s say you are starting a software company, one of the major risks you might have is that your code isn’t working. And to better prepare for a moment like this you should have a procedure in place for correction or a consultant in mind for help. From this you’re able to mitigate that risk from affecting your goals. Therefore, when you’re able to have a plan or procedure for something that is “unplanned for” you decrease the chances of that risk running amok. 

3. Asking for Help 

There are people that have gone through what you’re going through and they’ve been able to make it across. They can be considered as a gold source for both information and help to you. And if you are able to, ask these individuals if they’d be willing to offer you their experience and their knowledge. Because having that small amount of knowledge from their own experience will greatly help you in your journey. 

History does repeat itself, and some of the things you are doing right now have been done and tried by others. Asking for help from others will both save you time and help you prevent problems from arising. It can also increase your potential growth since you have now gained new perspectives on that particular problem and sometimes you might even find yourself discovering a breakthrough 

Aside from others, there are other resources out there today, varying from online coaches, to YouTube videos, to online forums and you should take advantage of this information so that you can learn from them and avoid the mistakes that many have already gone through. 

4. Experience

Having gone through a situation is super beneficial, as you’ll now know how to respond if it does happen again. Studies have shown that most of how individuals learn is through trial and error. Therefore, if you’re able to plow through one risk you’ll know what to do or what not to do the next time it comes around. Because once you know something doesn’t work you’ll try a different method, and vice versa if you’ve found something that works. But you don’t just have to go off based on what you have experienced but you could also go off based on the experiences of others. And this is an extension of the method mentioned in #3. 

5. Keen eye for risk 

Understanding what’ll happen and where the risk may come is a great ability. In a way, it’s like foresight where you can dip into the future and see all the possibilities. Not many people are able to pinpoint weaknesses in there businesses and that greatly increases their risks of failure. But for those that have cultivated this skill and embodied risk they are able to prepare for all if not let possibilities.

One thing that generally hurts start up businesses is the surprises that they get and their inability to work through them. But if you are able to see what’ll come it allows you to better prepare and ensure the float of your business.